International Monetary Fund to consider whether tax could deter risk taking
Accountancy Age, 24 Nov 2009
The head of the International Monetary Fund has said he will look again at the possibility of introducing a tax on all financial transactions.
Dominique Strauss-Kahn told the Confederation of British Industry conference on Monday that the measure – otherwise known as a Tobin tax – should be considered.
His comments are viewed as a change on earlier remarks which suggested the IMF chief believed a tax on all transaction was unworkable.
The UK, German and French governments have all supported the idea.
Strauss-Kahn is reported in The Guardian saying the IMF would look at whether tax measures could deter excessive risk taking in financial services.
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